Ep. 448: Mike Lofgren Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 9 May 2016
⏱️ 64 minutes
🧾️ Download transcript
Summary
My guest today is Mike Lofgren, an author and a former Republican U.S. Congressional aide. He retired in May 2011 after 28 years as a Congressional staff member. His writings, critical of politics in the United States, particularly the Republican Party, were published after his retirement and garnered widespread attention.
The topic is his book The Deep State: The Fall of the Constitution and the Rise of a Shadow Government.
In this episode of Trend Following Radio we discuss:
- The deep state phenomenon
- Military industrial complex
- National debt
- Negative interest rates
- Does your vote matter?
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.1 | My guest today is Mike Lofgren. |
| 0:36.2 | Today we're going to talk about a subject near and dear to me, which is trying to break |
| 0:41.5 | apart American politics. |
| 0:45.1 | Mike's book, his new book, is titled The Deep State, the Fall of the Constitution, and |
| 0:51.0 | the Rise of a Shadow Government. |
| 0:53.9 | In a world where everyone thinks their vote matters, in a world where everyone thinks the |
| 0:59.7 | next politician that gets elected will solve their particular problem and fix the country. |
| 1:06.8 | Mike has a counter to that style of thinking, that, in my opinion, wrong style of thinking. |
| 1:13.8 | There really is forces, concerns, organizations, corporations that are far more powerful than any of the nitwits we elect to go to Washington, D.C. |
| 1:26.9 | I hope you enjoy this conversation with |
| 1:29.0 | Mike Lofgren. |
| 1:37.6 | So, Mike, even though I'm calling you from a communist country in Asia today, I actually |
| 1:42.7 | own property in Vienna, Virginia. I grew up in Vienna, |
| 1:46.8 | and I'm intimately aware of the Beltway scene. Gosh, if I think back to the 1980s, a place like |
| 1:55.1 | Vienna would have had just typical 1950s, 60s, split-level homes, a lot of government employees, but not a huge amount |
| 2:02.2 | of wealth, and then, boom, we're now at a completely different situation. That's a little bit |
| 2:07.6 | of the setups, so you know where I'm coming from, just on my background. To start with this, |
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